1. California
2. Santa Clara
3. 1793 Lafayette Street

1793 Lafayette Street, Santa Clara, CA 95050

• 22,659 sqft

Property Description

New Price Improvement | 1793 Lafayette St, Santa Clara offers a rare opportunity for an owner/user to utilize the space or convert the 22,551 SqFt building into residential: Live/Work, Apartments, Co-Living, or Condos - 27 units or more | $240,740 per unit. With the average rent in Santa Clara at $3,062, once converted, the property can be expected to gross $1,000,000 in rents. Conveniently located less than a 10-minute drive from San Jose Mineta International Airport and Santa Clara Square Marketplace, this space resides within a thriving community with nearby amenities and parks. Recent upgrades to the building include a new roof and a 36 kW photovoltaic solar system, complemented by Silicon Valley Power, which ensures low energy costs. The owner/user tenant can occupy approximately 15,000 sq ft or the entire second floor. Rents and home prices continue to climb, with demand for new townhomes, apartments, and condos evident in an ever-growing Silicon Valley. The property is designated for medium-density residential use in the General Plan, allowing for 20-36 DU/acre. Per Planning department conversations, you can show plans to get the building up to residential code and then convert the building for residential use.

Listing Status:

Active

Date Added:

February 25, 2025 at 06:00AM

Listing Office:

KW Bay Area Estates : (408) 560-9000

Listing Agent:

Stephen Thaddeus Wawryk : 415-347-1658

MLS ID:

ML81995430

Interior

• A/C: Central Air
• Heating:

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Stephen Thaddeus Wawryk, KW Bay Area Estates